1061 sqft | 2 beds | 2 baths | #A11580196
Description
Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.
Property Details
- InteriorThird Floor Entry, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
- SubdivisionUNIVERSITY PARC RESIDENCE, University Parc
- Exterior MaterialsExterior Cat Walk, Screened Balcony
- ViewPool Area View
- CountyBroward County
- Property SubtypeCondominium
- MLS #A11580196
- MLS #A11580196
- Property TypePurchase
- Cost295000
- Structure TypeCondo
- Square Feet1061
- Parking TypeOpen
- Year Built2003
- Hoa Fees346
- Bedrooms2
- Bathrooms2
- Full Baths2
- Stories3
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Mariano Saal (#0705607)
Listing Office: TIR Prime Properties Corp. (#SAAL01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
